With an annual revenue of US$3.68tn, the hospitals Market is one of the biggest and most essential markets in the healthcare industry. The increase in diseases and an aging population are the main drivers of the hospitals market. Over the last 50 years the worldwide obesity has nearly tripled according to the World Health Organization. More than 13% of adults are being obese and around 39% of adults are being overweight. Additionally, poor lifestyle such as lack of exercise, unhealthy diet habits, and smoking lead to further health problems. As a result, chronic diseases such as asthma, diabetes, and cancer are increasing in prevalence. Furthermore, due to the increasing average life expectancy there is a huge demand for special treatments and medical care of the aging population. Accordingly, the total health expenditure is expected to increase rapidly as the demand and patient numbers are growing.
Hospitals & Healthcare Facilities
Revenue
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Cancer Treatment Centers of America offers an integrated approach that combines surgery, radiation, chemotherapy, immunotherapy and advancements in precision medicine with supportive therapies to manage side effects and enhance quality of life during treatment and into survivorship. CTCA says its patient satisfaction scores consistently rank among the highest for all cancer care providers in the country.
CenterPointe Behavioral Health System is the largest dedicated behavioral healthcare provider in the state of Missouri. The acquired assets consist of four inpatient hospitals with 260 acute care beds and 46 specialty beds for substance use and 10 outpatient locations. CenterPointe operates behavioral health networks through regional hubs in St. Louis, Kansas City and Columbia.
The merger of PCC and MFDA is a natural fit. Both companies are dedicated to improving the quality of care for patients while reducing overall medical spending. This merger will allow the companies to combine strengths, forming a powerful primary care provider network that can compete with the biggest names in the business. Their patients will benefit from this merger, as they will have access to a greater variety of services and a more expansive provider network. This merger is beneficial to both managed care companies. PCC will be able to tap into MFDA's expansive specialist networks and relationships, while MFDA will gain access to PCC's best-in-class primary care services. The merger will also create new jobs and opportunities for growth, and expand PCC's footprint in Palm Beach, Dade and Broward counties.